For­eign com­pa­nies gear up as the se­cond CIIE ap­proaches

Global Times US Edition - - BIZUPDATE -

The se­cond China In­ter­na­tional Im­port Expo (CIIE), which is sched­uled to run from November 5 to 10 in Shang­hai, will soon en­ter its 100-day count­down, while an­tic­i­pa­tion runs high among prospec­tive par­tic­i­pants thanks to its huge suc­cess last year.

This year’s expo will be even larger and more di­verse than the first, ac­cord­ing to the new lay­out the or­ga­niz­ers re­leased. A to­tal of seven cat­e­gories will be featured and an out­door ex­hi­bi­tion area will also be in­cluded to ac­com­mo­date more exhibition­s. As of Thursday, up to 250 out of the For­tune 500 com­pa­nies had con­firmed at­ten­dance, ac­cord­ing to a re­port by com­news.cn.

Este­ban Pronato, head of mis­sion from the Ar­gen­tine Con­sulate Gen­eral in Shang­hai, said on Thursday that Ar­gentina is look­ing for­ward to es­tab­lish­ing stronger trade re­la­tion­ships with China, es­pe­cially for the ex­port of agri­cul­tural prod­ucts from Ar­gentina.

Ac­cord­ing to Pronato, the main prod­uct from Ar­gentina dur­ing the first CIIE was wine, but this year Ar­gen­tine com­pa­nies are bring­ing a wider va­ri­ety of prod­ucts such as fresh fruits, beef and dairy prod­ucts.

“Ar­gentina is a coun­try with many ex­cel­lent agri­cul­tural prod­ucts to of­fer, but we couldn’t en­ter the Chi­nese mar­ket be­fore,” Pronato told the Global Times. “Now the gov­ern­ments in both coun­tries are build­ing the bridge that en­ables more Ar­gen­tine prod­ucts to be ex­ported to China. It will be a great stim­u­lus to Ar­gentina’s econ­omy.”

Many Ar­gen­tine com­pa­nies that at­tended the first CIIE have de­cided to come back thanks to last year’s huge suc­cess. “We have high hopes for the CIIE and we hope to maintain the good re­la­tion­ship and bring it to the next level,” Pronato said. “This year we are go­ing to bring more com­pa­nies here and our pavil­ion will be dou­ble the size of last year.”

Li Haichao, CEO of Scan­dic Food Asia, a com­pany that aims to ex­port Scan­di­na­vian food to the Asian mar­ket, said that thanks to the spillover ef­fects of CIIE in 2018, the com­pa­nies are pre­pared to sign even more deals this year.

“Last year many Scan­di­na­vian com­pa­nies ben­e­fited from the expo not only it­self but from its af­ter­ef­fects. Some of our clients heard about the suc­cess and came to Shang­hai even af­ter the expo ended,” Li said.

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